Asia Pacific (APAC) Facility Management Market (2020-2026) | Trends, Size, Share, Growth, Revenue, Forecast, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Asia Pacific Facility Management Market

Asia Pacific Facility Management Market has been observing massive growth over the past few years. The major factors driving the market expansion include increasing adoption of cloud-based solutions, growing focus on energy efficiency, and the need for effectual management of infrastructure. Moreover, the growth of the market is also attributed to the growing demand for sustainable infrastructure and energy-efficient solutions. Also, the rising demand for facility management is growing enormously on the back of the rising need for efficient management of buildings. The growing adoption of IoT and cloud-based solutions has also contributed to the growth of the market. Furthermore, cloud-based facility management solutions are also gaining traction in the market backed by their special features such as scalability, cost-effectiveness, and feasible accessibility.

The Asia Pacific Facility Management Market size is expected to proliferate in the forthcoming years driven by the massive increase in urbanization. With the rising adoption of advanced technologies such as artificial intelligence, IoT, and cloud computing, facility management companies can offer more efficient and effective solutions to clients. Generally, companies in the Asia Pacific region are progressively concentrating on refining workplace efficiency and employee satisfaction. In response to this, the Facility management services are helping to achieve these goals to a great extent. 

Asia Pacific Facility Management Market Synopsis

Asia Pacific facility management market report is a part of the Global Facility Management Market and thoroughly covers the market by solutions, services, end-users, and key countries including China, India, Japan, Indonesia, Thailand, Malaysia, Australia, and the rest of the Asia Pacific region. The Asia Pacific facility management market outlook provides an unbiased and detailed analysis of the Asia Pacific facility management market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies according to the future and current market dynamics.

Asia Pacific Facility Management Market region is primarily driven by the surge in industrial and construction activities mainly in the commercial sector that is supported by numerous government initiatives such as “Smart City Mission of India”, “ASEAN Vision 2020” etc. The rising natural disaster occurrences in the Asia Pacific region have further fueled the need for disaster preparedness and high-level building maintenance, thereby impacting the facility management market positively. Additionally, global events such as the “2020 Tokyo Olympics” are expected to give a tremendous boost to the tourism and infrastructure sector which would further stimulate the demand for the facility management market. 

According to 6Wresearch, the Asia Pacific (APAC) Facility Management Market size is expected to witness significant growth during 2020-2026. The Asia Pacific facility management market is anticipated to gain traction in the upcoming six years on account of the rising potential growth of Retail, commercial and residential. Additionally, country-wise, the Indian facility management market is estimated to strengthen growth of the market in the coming years underpinned by the rising evolution of the corporate sector, especially in Bangalore, Hyderabad, and Mumbai which are registered as commercial hubs. With the increase of skilled manpower along with the rising IT outsourcing service in the country, the growth of facility management is expected to gain popularity in commercial offices especially to ensure enormous business productivity, as a result, these factors would act as a catalyst for the growth of Asia Pacific facility management market growth in the impending period.

Asia Pacific facility management market is projected to gain momentum during the forecast period 2020-26F on the back of the rising growth of the commercial sector. Further, the rising hospitality sector is underpinned by increased tourist influx, especially in southeast countries, Indonesia, the Philippines, and Thailand. Moreover, the rising tourist hotels booking has led to opening up opportunities for hiring a facility management team which is held responsible for managing hotel premises, and tourist amenities, such a prominent role played by facility management is expected to leave a positive impact on the Asia Pacific facility management market growth in the upcoming six years.

Market Analysis By Countries

Japan and China are the leading revenue-generating counties in the Asia Pacific facility management market on account of rising infrastructural projects and growing investment in the industrial sector. Various government regulations such as the “Private Finance Initiative Act of Japan” aim to lessen the financial burden of the government by increasing the participation of the private sector in key projects which would, in turn, promote effective facility management.

Market Analysis By End-user

Based on end-user applications, commercial, IT & telecom, and government and public administration segments account for a major market share due to the increasing demand for facility management services in these sectors. The rising adoption rate of public-private partnership (PPP) projects in commercial sectors has further fuelled the greater demand for integrated facility management solutions.

COVID-19 Impact on the Asia Pacific Facility Management Market

The outburst of the coronavirus pandemic has hit the growth of the market putting a halt on construction activities. Moreover, the restrictions imposed by the government of the country have also negatively impacted the growth of the market owing to disruption in the supply chain. 

Key Players in The Market

Some of the key players in the Asia Pacific facility management market are:

• 3M Company.
• CBRE GROUP, INC.
• GSH Group.
• Sodexo S.A.
• Medxcel Facilities Management, LLC.
• ISS Group.
• Johnson Controls International PLC.
• ABM Industries, Inc.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Asia Pacific Facility Management Market Overview
• Asia Pacific Facility Management Market Outlook
• Asia Pacific Facility Management Market Forecast
• Historical Data of Asia Pacific Facility Management Revenues for the Period 2016-2019
• Asia Pacific Facility Management Market Size and the Asia Pacific Facility Management Market Forecast of Revenues, Until 2026
• Historical Data of the Asia Pacific Facility Management Market Revenues, By Solutions, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Facility Management Market Revenues, By Solutions, until 2026
• Historical Data of the Asia Pacific Facility Management Market Revenues, By Services, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Facility Management Market Revenues, By Services, until 2026
• Historical Data of the Asia Pacific Facility Management Market Revenues, By End-Users, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Facility Management Market Revenues, By End-Users, until 2026
• Historical Data of China Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of China Facility Management Market Revenues, until 2026
• Historical Data of India Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of India Facility Management Market Revenues, until 2026
• Historical Data of Japan Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Japan Facility Management Market Revenues, until 2026
• Historical Data of Indonesia Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Indonesia Facility Management Market Revenues, until 2026
• Historical Data of Thailand Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Thailand Facility Management Market Revenues, until 2026
• Historical Data of Malaysia Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Malaysia Facility Management Market Revenues, until 2026
• Historical Data of Australia Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Australia Facility Management Market Revenues, until 2026
• Historical Data of Rest of Asia Pacific Facility Management Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Rest of Asia Pacific Facility Management Market Revenues, until 2026
• Market Drivers and Restraints
• Asia Pacific Facility Management Market Trends and Industry Life Cycle
• Asia Pacific Facility Management Market Share, By Regions
• Asia Pacific Facility Management Market Share, By Players
• Asia Pacific Facility Management Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Asia Pacific Facility Management Market report provides a detailed analysis of the following market segments:

By Solutions:

• Facility Environment Management
• Facility Property Management
• Building Information Modelling
• Facility Operations and Security Management
• Others

By Services:

• Auditing and Quality Assessment
• Support and Maintenance
• Service Level Agreement Management
• Deployment and Integration
• Consulting

By End-Users:

• IT and Telecom
• Retail and Commercial
• Energy and Utilities
• Construction and Real Estate
• BFSI
• Educational Institutes
• Healthcare
• Manufacturing
• Government and Public Administration
• Others

By Countries:

• China
• India
• Japan
• Indonesia
• Malaysia
• Thailand
• Australia
• Rest of Asia Pacific